Canada/U.S.: Montréal, Maine & Atlantic Railway
The Montreal, Maine & Atlantic Railway (MMA) was a freight railroad that operated in the States of Maine and Vermont, and the Province of Quebec. In August 2013, MMA commenced insolvency proceedings as a direct result of the runaway train that resulted in the deaths of 47 people. The panel explores the issues involved in developing a plan to address mass tort claims. The discussion includes the approaches taken in Canada and the U.S. to the granting of “third party” releases and of fee premiums to professionals.